Do these 5 things before buying a second hand car, otherwise your hard earned money will go waste.
Used Car Buying Tips: Second hand car is a much better option for those looking for a good car in low budget. The prices of new cars are continuously increasing and it is important to manage the budget in times of inflation. In such a situation, a good second-hand car will not only save money, but if chosen correctly, can last for many years without much trouble.
However, there are many risks hidden in this process. This includes hidden defects, fake documents, odometer tampering or expensive repair costs. Millions of second-hand cars are sold in India every year, but most buyers regret it later because they take the decision in a hurry or out of emotion. Good research and vigilance are most important to get a good deal. Come, let us know what things should be kept in mind while buying an old car.
1. Determine budget and needs
First of all, fix your budget and keep 10-15% extra in it, because some money may be needed later for registration, insurance and repairs. Choose a car based on family size, fuel type (Petrol/Diesel/CNG), mileage and usage (City/Highway).
2. Do market research
Check prices of the same model on online platforms like CarDekho, OLX, Cars24, Spinny or OLX. The car can also be compared from certified sites like True Value or Maruti True Value. Talk to 4-5 dealers in the local market also, so that the right price can be known.
3. Car History and Document Verification
Make sure to check RC, Insurance, PUC, service history, NOC (if financed) and bank NOC. For this, verify the details from chassis/engine number on Parivahan.gov.in. Check accident history, flood damage or multiple owners.
4. Physical and Mechanical Inspection
See the car in daylight. Check body paint, rust, accident marks, tire condition (manufacturing date), lights, AC, engine sound, brakes, suspension. Take a long test drive. Which should include city, highway, speed breaker.
5. Get it checked by a trusted mechanic
Never trust a dealer’s mechanic. Get a pre-purchase inspection done by a known mechanic or automobile engineer. With this, hidden faults like engine overhaul, clutch/gearbox issues can be detected.
6. Bargain Smartly
Offer 10-15% less than the market rate. Negotiate by showing minor defects. Ask for discounts on certified cars too. Also, keep in mind that the full price of the vehicle should be paid through online payment or cheque. In such a situation, you have proof of payment. After the matter is finalized, it is necessary to get the vehicle transferred.
